Automatic Debit. The Bank may debit when due all payments of principal and interest due under the terms of this Agreement to any deposit account of the Company carried with the Bank without further authority.
Appears in 5 contracts
Samples: Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Noble Romans Inc), Credit Agreement (Obsidian Enterprises Inc)
Automatic Debit. The Bank may without further authority debit when due all payments of principal and interest interest, or any other Obligations due and payable by the Company under the terms of this Agreement or any other Loan Document, to any deposit account of the Company carried maintained with the Bank without further authorityby the Company.
Appears in 2 contracts
Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)
Automatic Debit. The After the occurrence of an Event of Default or an Unmatured Event of Default, the Bank may debit when due all payments of principal and interest due under the terms of this Agreement to any deposit account of the Company carried with the Bank without further authority.
Appears in 2 contracts
Samples: Credit Agreement (Steak & Shake Co), Credit Agreement (Steak & Shake Co)
Automatic Debit. The Bank may without further authority debit when due all payments of principal and interest or any other Obligations due and payable by the Company under the terms of this Agreement or any other Loan Document to any deposit account of the Company carried maintained with the Bank without further authorityby the Company.
Appears in 1 contract
Automatic Debit. The Bank may debit when due --------------- all payments of principal and interest due under the terms of this Agreement to any deposit account of the Company carried with the Bank without further authority.
Appears in 1 contract
